Posts Tagged ‘Online Store’

PostHeaderIcon Building the Case for your Online Business

Let me guess why are you stumbled on this article. You are probably considering to startup a business. You already realized the advantages of owning a business and also the downside of doing it in-your-own. But no matter what, you are still determined to have one. You probably feel that you can do these kind of stuff. You do not only believe you can be successful, but you are convinced that this stuff could be the best chance for you to have financial freedom. That is why you are here, reading and doing some homework to get started.
Let us build the case for starting online business.
1. Minimum capital requirement. You already know that most of business startups requires huge amount of money as capital that results to difficulties in finding investors. The larger the capital the higher the risk for the investors to take. Running out of capitalist may result to natural death of the startup. But that is only true for the brick-and-mortar world of business.
Enter the internet technology married to commerce. The only overhead for an online business is the yearly payment for domain name and web hosting. Web hosting price now can be $5/month and domain name price is $15/year. How much you are spending a week for your favorite coffee? The good news is, web hosting business (another internet-born business) are all over the web. The competition are very tight, resulting to drop the web hosting prices and offer numerous add-ons and features for the clients. And that made you an instant winner in the process. For a cheap price you can have feature rich web hosting services. Even a dog has his own website! You can use your personal computer. You may not need a high-end computer. If your computer can create documents, can operate an HTML editor, can browse a website, that would be enough.
2. Building a website nowadays is easier than operating a high-tech toys. You can build web pages out of MSWord documents. Open-source software are sprouting like mushrooms. If you are totally clueless on HTML and other scripting language, hiring an expert on this field could be found within your block. A junior high school can do this stuff nowadays. Young generation are cool and creative and you can hire to do the scripting for you in very-very affordable price.
3. You will have direct access to global market. Gone are the days that a small business were bounded by a “liter of gas” radius. You can reach potential customer all over the world. From a couple of hundred customer to the several billion potential customer around the world with access to the internet.
You may research on the following open-source software. These are worth researching. Trust me.
Blog softwares:
WordPress, MovableType
Content Management Softwares
Drupal, Joomla, e107
4. When you say global market, that will also mean day and night. You will be doing business 24 hours a day, 7 times a week. Your website does not sleep, it will be always open to the customers even while you are sleeping. If you have the right software then online transactions are possible. Watching while the machine hum is not required. You can just view the transaction report at the time of your choosing.
5. One online business could lead to another potential income stream. It is now common that a website to have multiple system of income generation.
Please research on the following:
Google Adsense
AdBrite
Affiliate Programs
Banner Advertising Deals
Parallel Business referrals deals
Learn how your competitor are doing in their website. Copying business model is legal. Graphics and text article content is not.
6. Communication with customer could be easier and cheaper. All you to do is send email for reminding to come back to your site for more service or for more information. Professional newsletter is a good investment. You can talk more about your site, what you have added on the features and services, and what are your current promo available. You can send this email in a click and you just wait them to respond. More communication can happen without the physical contact with the customer, a big advantage for the introvert or beginners.
7. Online Transaction became more trustful. Millions of dollars are done in online transactions. The people are confident and trustful to online payment system. More people are buying different items from internet. Secure payments systems validated themselves from thousands of transactions they are doing everyday.
8. Internet connections are exponentially exploding around the world. There are more PC nowadays than Televisions. Also, the internet connection are catching up against the cable TV connections. The potential market is growing everyday.
9. Online help to do business online is growing. Online references are widely available in the internet. The information now can be access mostly for free. So it will be easier than before to try new things and do it all by yourself.
10. Flexible hours. If you do it part time, you can do it after your day job and during weekends at home. If you want to do it full time, then you are free to work whenever you want. You may choose to work at the middle of the day, or you may want to work at night till dawn. The length of working hours is also depends on you. Because you are your own boss and you are responsible to run your online business.

PostHeaderIcon What You Need to Know Before Setting Up an Online Store

 

Now that you know what to look for in an ecommerce web site, you can start your online business the right way. Good luck!

 

 

 

PostHeaderIcon Online Shopping Market Leader – Ebay’s Business

About eBay TodayAnyone who has invested in eBay stock over the last few years probably knows that eBay’s position in the Internet marketplace is rapidly changing. eBay’s 1998 IPO occurred during the fabled “dot com bubble” years and was influenced by many of the same forces that made other technology and Internet IPOs so (in)famous. On the first day of trading, the $18 per share target price gave way to an opening price of $53.50 and eBay’s revenue growth has stayed more or less continuous since then, staying percentage-wise in the 30s and even venturing at times into the 40s—enough to make any investor smile.In recent quarters, however, things have slowed down a little. Quarterly year over year growth is now at just over 30 percent and shows a downward trend—still excellent, but not quite as stratospheric. Some of this is due to increasing competition from eBay competitors, including Google (worldwide but especially in North America and Europe) and a number of alternative auction houses across Asia and the Pacific Rim. In some circles, people are talking as if the slowing of growth and the maturing of eBay as a company and stock mark end times for the company. Not so.In recent years eBay CEO Meg Whitman’s strategy has been to continue to strengthen eBay’s core auction business while at the same time to diversify eBay’s business model and holdings as a hedge against competition in the online auctions and ecommerce market. This strategic and markets growth has included a number of investments and acquisitions—big names that today are also eBay. You may have heard of some of them: * Skype—The wildly popular Skype VOIP (voice-over-internet-protocol) service is eBay’s largest acquisition to date and one of its most recent, purchased in 2005 for approximately $2.6 billion. Whitman’s vision for Skype is as a communications hub not just for Internet customers looking for alternatives to traditional telecom packages, but for eBay buyers and sellers, who will eventually be able to interact securely and anonymously by voice. She also sees a future in which the forthcoming Skype subscription charges will be cleared primarily through PayPal. * PayPal—By now, nearly everyone realizes that PayPal is now an eBay company, picked up for $1.5 billion in 2002 and a natural match: the vast majority of eBay transactions involving online payments at the time used PayPal, and this remains the state of affairs today. True to Whitman’s vision, PayPal has also grown to become the premier payment system for ecommerce across the Internet, second only to direct credit card transactions and safer as well. An increasing number of etailers and even brick-and-mortar stores accept PayPal payments today. * Craigslist—In 2004 eBay paid an undisclosed sum to acquire a 25 percent interest in Craigslist, becoming its largest single shareholder. Our company selling links of london on craigslist have good effect.eBay has kept a low profile vis-a-vis it’s ties to and influence on Craigslist, but with the classified service’s growth going through the roof and the classified marketplace becoming more important online in general, investors should see this as a strong asset with big upside potential for eBay. * Half.com—Half.com, acquired by eBay in 2000, represents eBay’s move into the online used media market. Half.com was a rising star in and in many ways the creator of this market which has now been joined by the likes of Amazon.com, among others. Half.com remains a perennial favorite amongst students, bibliophiles, game enthusiasts, film buffs, and others in seeking to buy used media products at reduced cost. Because these types of products are commodity priced and often have a long shelf life before being purchased, the alternate sales model that Half.com represents is both appropriate to its market and does not compete directly with eBay’s core auction offerings. * Rent.com, Shopping.com, Prostores—While not as monumental in scale as the aforementioned transactions, eBay has also diversified its retail and real estate businesses with Rent.com, Shopping.com, and Prostores, which together complement eBay’s existing eBay Motors, eBay Real Estate, among others, in retail beyond the commodity and consumer goods market.If together these acquisitions paint the picture of a company in the midst of steady and continued growth, they should—eBay remains the premier online auctions and retail space and is poised to continue along this trajectory for the forseeable future. eBay’s major threat at the moment is Google, also rapidly expanding and enjoying market-leading growth. eBay’s relationship to Google is a troubled one, as eBay relies on Google’s advertising model and market reach for its continued success even as Google continues to enter market niches in which eBay products already exist—for example, classified ads and online payments.Despite these challenges, prospects for eBay in the future look bright, as eBay growth continues to be strong and eBay’s recent acquisitions continue to pick up financial steam and Internet traffic as well.

You could find our china wholesale center and uk wholesale shopping mall for start your ebay business.

PostHeaderIcon Do Some Research Before Buying Products Online

Many people are turning to online purchasing as it makes things a lot easier and quicker. You don’t even have to move out of your house and can buy practically anything and everything, often at the best prices too. Another great advantage is that you can buy products at any time of the day, if you were to buy something after the shop had closed it will get processed the morning after when they reopen.

Many online shops can offer great deals and discounts as they have far less overheads when compared to static shops as they have don’t have to pay for utility bills such as water, lighting etc and the rent will be far less than rent for a property. They also can have far less staff working for the company as it is a lot easier to manage online sales and marketing. Some websites are even ran by one person doing everything until the company starts to do really well and then they would take on more staff helping keep a quick, reliable service going.

Many companies starting out would begin with a website selling their products and if they become successful they can branch out and get a static shop to increase the exposure and selling potential.

If you buy products online you have to make sure that you are dealing with a reputable company as it’s really easy to create a site claiming to sell certain products and really they are only after your money and bank details which could cause problems if they got into the wrong hands. Be careful which method of payment you choose because on many online payments you can actually claim your money back if the seller cannot prove the postage and delivery of the goods. If you were to use payments which are final (such as cash) and you weren’t to receive your goods then you cannot do much to get your money back. This research before hand can save you a lot of money and time, read up on customer testimonials to see how they got on and see if many people are talking about the company. Have they given a good or bad image?

If you see a price that is too good to be true then more times than not, it will be so don’t get misled by false accusations which will cost you more in the long run.

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